TMSF confiscated 38 firms of Aksoy on grounds that he did not make any proposal on paying his debts amounting to 850 million dollars, after the Iktisat Bank was transferred to TMSF. A high-ranking official from TMSF said that Aksoy owed 1.6 billion dollars with standard interests, to the Fund.
Security forces took measures in front of Aksoy’s offices and his house in Yenikoy. Erol Aksoy, the Chairman of the European Holding’s Executive Committee said that it was impossible to pay his debts with the interest rate of 500 % . His Land Rover-brand jeep and two automobiles were also confiscated.
"This group kept us waiting in making its debts only 75 million dollars have been collected from this group," Deputy PM Sener said.
